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Well, strike the EU off my list.

This is coming worldwide, and it's called the travel rule, originally created by the financial action task force in 2018 when they revised Recommendation 15.

Legislation has passed IN ALL COUNTRIES with various degrees of implementation. Search for "Travel rule [enter country name here]" to see how it's implemented there.

Make no mistake, us, Canada, el Salvador, etc etc will ultimately be compliant with this.

I am a civil servant and have actually drafted the law to impose this requirement in my country, and I'm now trying to speak up about it to warn everyone. If you know a podcast who may want to discuss just tell them to reach out.

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Discussion

OpnState 1y ago 💬 2

Gleam of hope: Maya Parbhoe running for president of Surimame is the ONLY non-north Korea country to openly denounce the FATF. Donate to her campaign on geyser.fund if she gets elected that country will be the only bastion of freedom left, in terms of Anti Money laundering requirements like the travel rule.

Tim Bouma 1y ago

Ah yes, the FATF, that quasi-public body where liberal democracies think they are doing the right thing and authoritarian regimes love it for the total financial surveillance that is being put in place. The FATF has managed to put themselves into a place where governments think they are accountable to them for fear of being put on a gray list.

OpnState 1y ago

Yes, that's the one. It's responsible for the EU travel rule, and every other country as well. Countries and regulators are in the implementation phase. Takes a few years for policy to become law, and law to become enforced.

I suggest everyone developing value transfer tech do so anonymously. If there are balls to grab, governments will grab them.